secwatch.observer — SEC 8-K summary
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Issuer:     CONOCOPHILLIPS (COP)
CIK:        0001163165
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001157523-23-000730
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConocoPhillips Q1 net income $2.9B ($2.38/sh) vs $5.8B a year ago; raises production guidance
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- GAAP and adjusted EPS both $2.38/share, down from $4.39 and $3.27 in Q1 2022.
- Record total production 1,792 MBOED (+45 MBOED YoY); Lower 48 record 1,036 MBOED.
- Average realized price $60.86/BOE, 21% lower than $76.99/BOE in Q1 2022.
- Raised full-year production guidance midpoint to 1.78-1.80 MMBOED from 1.76-1.80 MMBOED.
- Distributed $3.2B to shareholders: $1.7B buybacks, $1.5B dividends & VROC ($0.51+$0.60/sh).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163165/000115752323000730/0001157523-23-000730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163165/000115752323000730/a53392156.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000730

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